EU: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in the EU

In 2022, after two years of growth, there was significant decline in the EU sewing machine needle market, when its value decreased by -12.4% to $X. Over the period under review, consumption recorded a perceptible decline. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Sewing Machine Needle Production in the EU

In value terms, sewing machine needle production amounted to $X in 2022 estimated in export price. Overall, production showed a noticeable slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by 8% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Sewing Machine Needle Exports

Exports in the EU

In 2022, sewing machine needle exports in the European Union skyrocketed to X units, with an increase of 18% on 2021 figures. Overall, exports, however, showed a abrupt setback. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sewing machine needle exports rose modestly to $X in 2022. Over the period under review, exports, however, showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic represented the main exporting country with an export of around X units, which reached 65% of total exports. Italy (X units) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by Poland (7%), Belgium (5.7%) and Denmark (4.7%). The Netherlands (X units) and France (X units) held a minor share of total exports.

Exports from the Czech Republic decreased at an average annual rate of -1.3% from 2012 to 2022. At the same time, the Netherlands (+21.1%), Denmark (+12.9%), Poland (+7.7%), Belgium (+5.9%), Italy (+2.9%) and France (+1.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +21.1% from 2012-2022. While the share of the Czech Republic (+38 p.p.), Italy (+7.2 p.p.), Poland (+5.7 p.p.), Belgium (+4.5 p.p.), Denmark (+4.1 p.p.) and the Netherlands (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest sewing machine needle supplier in the European Union, comprising 77% of total exports. The second position in the ranking was taken by Poland ($X), with an 11% share of total exports. It was followed by Belgium, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic was relatively modest. In the other countries, the average annual rates were as follows: Poland (+13.0% per year) and Belgium (-4.8% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per thousand units, reducing by -12.7% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when the export price increased by 17%. The level of export peaked at $X per thousand units in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per thousand units), while Denmark ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.8%), while the other leaders experienced more modest paces of growth.

Sewing Machine Needle Imports

Imports in the EU

In 2022, overseas purchases of sewing machine needles decreased by -4.6% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sewing machine needle imports fell significantly to $X in 2022. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X units), Spain (X units) and the Netherlands (X units) represented the largest importer of sewing machine needles in the European Union, constituting 51% of total import. Poland (X units) took the next position in the ranking, followed by Italy (X units), Denmark (X units), Estonia (X units), Belgium (X units) and Portugal (X units). All these countries together held approx. 37% share of total imports. Romania (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +34.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported sewing machine needles in the European Union, comprising 28% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Estonia, with an 8.1% share.

In Poland, sewing machine needle imports expanded at an average annual rate of +3.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Italy (-5.9% per year) and Estonia (+23.2% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per thousand units, with a decrease of -13.5% against the previous year. In general, the import price showed a abrupt decrease. The growth pace was the most rapid in 2016 when the import price increased by 10%. The level of import peaked at $X per thousand units in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per thousand units), while the Netherlands ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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